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Stock Market & Financial Investment News

News Breaks
April 11, 2014
10:19 EDTQCOM, ERICQualcomm, Ericsson recommended by RBC Capital
Shares of Qualcomm (QCOM) and Ericsson (ERIC) are outperforming the broader market after RBC Capital said the stocks were good investments for the near-term. Qualcomm sells chips used in smartphones, while Ericsson is a provider of communications equipment. WHAT'S NEW: Qualcomm's royalty business remains healthy and defensible, RBC Capital analyst Mark Sue wrote in a note to investors earlier today. Additionally, Qualcomm should benefit from the expansion of LTE networks and it returns 75% of its free cash flow to shareholders, Sue stated. The analyst was also upbeat on Ericsson, as he expects the company's revenue to steadily grow by about 2%-5%. Like Qualcomm, Ericsson should benefit from the expansion of LTE networks, as the company has a 40% share of the global LTE market, Sue stated. The company can benefit from upgrades in Europe and new contracts in Japan and the analyst also thinks Ericsson could raise its dividend. Sue kept Outperform ratings on both Qualcomm and Ericsson. WHAT'S NOTABLE: On March 30, Barron's identified Ericsson as one of several companies that could benefit from increases in the value of their products and possibly become takeover targets for Google (GOOG) or other companies. Other technology vendors that are in this category include Alcatel Lucent (ALU), Nokia (NOK), and Ciena (CIEN). PRICE ACTION: In early trading, Qualcomm climbed 13c to $78.20 and Ericsson shares were down 4c to $13.17, while the Nasdaq index was down nearly 1%.
News For QCOM;ERIC From The Last 14 Days
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July 22, 2014
06:11 EDTERICEricsson selected by Claro in Costa Rica
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July 18, 2014
10:11 EDTQCOMQualcomm July weekly volatility elevated into Q3 and revenue outlook
Qualcomm July weekly call option implied volatility is at 32, August is at 20, September, October and January is at 17; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on July 23.
09:55 EDTERICEricsson rallies sharply after earnings, levels to watch
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09:24 EDTERICOn The Fly: Pre-market Movers
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05:14 EDTERICEricsson reports Q2 Non-IFRS EPS SEK 1.07 vs. SEK 0.88 last year
Reports Q2 revenue SEK 54.8B vs. SEK 55.3B last year.
July 16, 2014
11:29 EDTQCOMIntel hits 52-week high after results beat estimates
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July 15, 2014
07:50 EDTQCOMQualcomm estimates adjusted to reflect inventory transition, says Canaccord
Canaccord adjusted its estimates for Qualcomm to reflect an ongoing inventory transition in China from 3G to 4G devices. The firm continues to expect strong growth of smartphones, the upgrade to new air interface technologies, and strong market share gains to drive sales and earnings growth. Qualcomm shares are Buy rated with a $95 price target.
07:23 EDTERICFortune to hold a conference
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06:11 EDTQCOMSamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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July 14, 2014
10:00 EDTQCOMOn The Fly: Analyst Downgrade Summary
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08:16 EDTQCOMQualcomm downgraded to Neutral from Strong Buy at ISI Group
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July 11, 2014
12:46 EDTQCOMQualcomm downgraded to Buy from Strong Buy at Tigress Financial
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10:00 EDTQCOMOn The Fly: Analyst Downgrade Summary
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09:09 EDTQCOMOn The Fly: Pre-market Movers
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07:36 EDTQCOMQualcomm downgraded to Buy from Conviction Buy at Goldman
Goldman removed Qualcomm from the Conviction Buy List as it does not expect material near-term upside to Street estimates sees some risk of downside. The firm trimmed estimates for both the June and September quarters due to weaker handset demand but maintains its Buy rating and $95 price target based on relative valuation and growth profile.
07:35 EDTQCOMQualcomm questioned again in Chinese anti-trust probe, Xinhua says
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July 9, 2014
06:16 EDTQCOMQuclomm places FinFET chip orders with Samsung, DigiTimes reports
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July 8, 2014
07:36 EDTQCOMQualcomm subsidiary announces VoLTE launch in Japan
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07:32 EDTQCOMSemiconductor Equipment & Materials International to hold a conference
SEMICON West to be held in San Francisco on July 8-10.
06:29 EDTQCOMSEMI predicts 21% increase in production equipment purchases in 2014, WSJ says
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